Yes, the new iPhone is here. No, it doesn't have a headphone jack. But in addition to the next generation of phones, Cupertino also took the stage earlier today to unveil the Apple Watch 2 (officially the Apple Watch Series 2), and it's faster, brighter and water resistant.

There are half a dozen models on offer -- while the hardware doesn't change, you'll be looking at a variety of different cosmetic options in 38mm and 42mm from AU$529.

The original Apple Watch is getting a bit of a boost too. The Series 1 will still be sold alongside the new watch, but now containing the faster second-generation processor which should make it around 50 percent faster than the original.

Almost all of the improvements to the Apple Watch 2 are under the hood, and outside it's the same square design as the original. But that said, the new watch is roping in more fitness features and a significant hardware boost.

Preorders start on September 9. Both the Series 2 and Series 1 watches will be available on September 16.

Here's what you'll be paying for the upgraded Series 1 and new Series 2 Apple Watches in Australia, compared to a direct conversion of the US price.

Apple Watch

Australian price

UK price

US price

US price +GST, converted

US/AU difference

Apple Watch S1 38mm Sport

AU$399

£269 (AU$467.44)

$269

AU$385.53

-AU$13.47

Apple Watch S1 42mm Sport

AU$449

£299 (AU$519.57)

$299

AU$428.53

-AU$20.47

Apple Watch S2 38mm Aluminium

AU$529

£369 (AU$641.21)

$369

AU$528.85

-AU$0.15

Apple Watch S2 38mm Steel

AU$799*

£549* (AU$953.99)

$549*

AU$786.83

-AU$12.17

Apple Watch S2 38mm Ceramic

AU$1,799

£1,249 (AU$2,170.39)

$1,249

AU$1,790.07

-AU$8.93

Apple Watch S2 42mm Aluminium

AU$579

£399 (AU$693.34)

$399

AU$571.85

-AU$7.15

Apple Watch S2 42mm Steel

AU$879**

£599** (AU$1,040.88)

$599**

AU$858.49

-AU$20.51

Apple Watch S2 42mm Ceramic

AU$1,899

£1,299 (AU$2,257.27)

$1,299

AU$1,861.73

-AU$37.27

Prices converted at a rate of AU$1 = £0.575474 and US$0.767510, current as of September 9, 2016 at 9 a.m. AEST.

*Hermes versions for the 38mm Steel model go up to AU$2,029, £1,299, $1,299

**Hermes versions for the 42mm Steel model go up to AU$2,189, £1,399, $1,399

The pricing conversions are very friendly for Australians who want to pick up the new Apple Watch. The biggest disparity is at the very upper end of the options list, and even then it's less than 40 bucks locally. Sadly, it's not the same story for the iPhone 7 and 7 Plus down under.